Kentucky Retirement Systems Insurance Trust Fund Reduces Holdings in Dominion Energy, Inc. (NYSE:D)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 17.2% in the 4th quarter, Holdings Channel reports. The firm owned 20,555 shares of the utilities provider’s stock after selling 4,284 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Dominion Energy were worth $1,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy in the fourth quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the third quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy in the third quarter valued at about $32,000. Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $55.59 on Wednesday. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. The firm has a market capitalization of $46.70 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.21 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock’s 50-day simple moving average is $54.43 and its 200-day simple moving average is $56.33.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.80%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on D. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.